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The unsealed do ents indicate an intense desire to get rid of Fannie and Freddie as independent en ies once and for all. They do not show any concern among Treasury officials that their actions on the profit sweep might violate the law.
The do ents also show the Treasury moving to modify the terms of the mortgage finance giants’ $187.5 billion bailout shortly after a July 2012 meeting when the Federal Housing Finance Agency, Fannie’s and Freddie’s regulator, learned that they were about to enter “the golden years” of profitability.
Since then, Fannie and Freddie have returned to the Treasury over $50 billion more than they received in the bailout. But the amount they owe to the government remains outstanding.
The new materials cast further doubt on arguments made in court by government lawyers that the profit sweep came about because Fannie and Freddie were in a death spiral and taxpayers needed protection from future losses. Do ents unsealed last month also served to undermine that legal stance.
The unsealed do ents indicate an intense desire to get rid of Fannie and Freddie as independent en ies once and for all. They do not show any concern among Treasury officials that their actions on the profit sweep might violate the law.
self-dealing, crony capitalism
https://www.racket.news/p/selling-fr...d-fannie-whats
The Trump Administration is seriously interested in selling 5% to 15% of Freddie Mac and Fannie Mae by the end of this year. Reuters reports all the shares of the two companies could be worth $500 billion.
“Mr. Trump asked bank executives, including Jamie Dimon of JPMorgan, David Solomon of Goldman Sachs, Brian Moynihan of Bank of America and Jane Fraser of Citigroup, to explain how they would execute a deal.” The White House also consulted Wells Fargo.
The underwriting fees will be enormous!
I can just see the figurative boners popping under the table as the bank honchos calculated the stock underwriting fees in their heads from such an endeavor, not to mention also thinking about how to cut one another out of the future deal!
I get a very strong feeling that folks like Howard Lutnick (former head of Cantor Fitzgerald, now Secretary of Commerce), Scott Bessent (former hedge fund manager, now Secretary of the Treasury), and the bank CEOs adapted their strategy.“How can we make a boatload of money with Trump?” transformed into “Let’s pitch selling Fannie and Freddie to Trump!”
Then there’s also thisfrom the Wall Street Journal. Hedge fund managers Bill Ackman and John Paulson have huge stakes in Freddie and Fannie, which have been in government conservatorship since 2008. Ackman has about 10% of the common shares of each. Both endorsed Trump, and the Journal reports Ackman has told investors the likelihood that privatization doesn’t occur during Trump’s administration is near zero
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on thing that you gotta love is that Bill Pulte is exactly the guy whose been saying for the last 25 years
just check that box
everybody does it, nobody checks
on thing that you gotta love is that Bill Pulte is exactly the guy whose been saying for the last 25 years
just check that box
everybody does it, nobody checks
on thing that you gotta love is that Bill Pulte is exactly the guy whose been saying for the last 25 years
just check that box
everybody does it, nobody checks
on thing that you gotta love is that Bill Pulte is exactly the guy whose been saying for the last 25 years
just check that box
everybody does it, nobody checks
Trump gonna griftmatize the mortgage market -- a $7.5 trillion market
https://www.politico.com/news/2025/0...trump-00499944The details of a potential public offering, first reported by The Wall Street Journal, would value the two companies at around $500 billion and involve selling 5 percent to 15 percent of their stock. However, there is still debate surrounding whether the en ies would go through the initial public offering process separately or together.
It is unclear whether Fannie and Freddie will remain under government conservatorship. A Congressional Budget Office report released in July found that releasing the government-sponsored enterprises from government control would be a mixed bag for the federal budget.
The Federal Housing Finance Agency and the Treasury Department did not immediately respond to requests for comment.
Trump held meetings with the CEOs of several of the largest U.S. banks in recent weeks, including JPMorgan Chase’s Jamie Dimon, Jane Fraser of Citigroup and Brian Moynihan of Bank of America, to discuss how they would structure and price public offerings for Fannie Mae and Freddie Mac, said three people who were briefed on the meetings and granted anonymity to share details of private conversations. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick attended at least some of those meetings as well.
Trump has been pushing to release the mortgage behemoths from their conservatorship since his first term. While former Treasury Secretary Steve Mnuchin and then-FHFA Director Mark Calabria made an attempt, those plans were ultimately scrapped in late 2020 as the U.S. economy was in the early stages of its recovery from the recession brought on by Covid-19.
Two people briefed on meetings said the White House is now very serious about pursuing a deal that would free up shares in Fannie and Freddie, though details around the potential offering are still hazy.
“The president was super engaged,” said one of those people, adding that possible sale was described as “the biggest IPO ever.”
Trump to use Fannie and Freddie like a piggy bank for quan ative easing?
bailing out well connected donors?
Trump is proposing to use a cash surplus held in the public trust to buy bonds held by private equity and investment banks.
It's pretty easy to figure out who benefits from that arrangement.
what say you Cosmic Cowboy, are you down with this?
https://www.axios.com/2026/01/12/tru...e-mac-congressThe president is going through the couch cushions of government — $200 billion from Fannie Mae and Freddie Mac for mortgage bonds, $20 billion from a Treasury fund for Argentina — to advance his policy priorities.
Trump AI clone to announce Fannie and Freddie securitization in an advertisement
https://abcnews.go.com/Politics/wire...cial-129333549What sounds like President Donald Trump narrating a new Fannie Mae ad actually is an AI-cloned voice reading text, according to a disclaimer in the video.
The voice in the ad, created with permission from the Trump administration, promises an “all new Fannie Mae” and calls the ins ution the “protector of the American Dream.” The ad comes as the administration is making a big push to show voters it is responding to their concerns about affordability, including in the housing market.
Trump plans to talk about housing at his appearance at the World Economic Forum in Davos, Switzerland, where world leaders and corporate executives meet this week.
This isn’t the first time a member of the Trump family has used AI to replicate their voice, First Lady Melania Trump recently employed AI technology firm ElevenLabs to help voice the audio version of her memoir. It’s not known who cloned President Trump’s voice for the Fannie Mae ad. But ElevenLabs said in an email to The Associated Press on Sunday that the audio of Trump's voice wasn't generated by the company.
The White House did not respond to a request for comment.
Last month, Trump pledged in a prime-time address that he would roll out “some of the most aggressive housing reform plans in American history."
“For generations, home ownership meant security, independence, and stability,” Trump's digitized voice says in the one-minute ad aired Sunday. “But today, that dream feels out of reach for too many Americans not because they stopped working hard but because the system stopped working for them."
Fannie Mae and its counterpart Freddie Mac, which have been under government control since the Great Recession, buy mortgages that meet their risk criteria from banks, which helps provide liquidity for the housing market. The two firms guarantee roughly half of the $13 trillion U.S. home loan market and are a bedrock of the U.S. economy.
The ad says Fannie Mae will work with the banking industry to approve more would-be homebuyers for mortgages.
Trump, Bill Pulte, who leads the Federal Housing Finance Agency, and others have said they want to sell shares of Fannie Mae and Freddie Mac on a major stock exchange but no concrete plans have been set.
Last edited by Winehole23; 01-19-2026 at 07:11 PM.
Fannie and Freddie, which purchase and package home loans into securities and financially guarantee them to buyers, rank among the largest holders of US mortgage debt via their so-called retained portfolios — the bonds and loans they hold onto rather than sell to investors.
The pair, under federal conservatorship since 2008, once held a combined $1.5 trillion worth, but by late 2022 that figure had dropped to just $158 billion. Since the middle of last year the portfolios have been on the rise again, climbing to $278 billion as of January, according to the most recent data available.
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